DXP Enterprises, Inc. $DXPE Shares Purchased by Algert Global LLC

Algert Global LLC raised its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 64.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,178 shares of the industrial products company’s stock after buying an additional 26,727 shares during the quarter. Algert Global LLC owned approximately 0.43% of DXP Enterprises worth $8,118,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. HM Payson & Co. acquired a new stake in shares of DXP Enterprises in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its position in DXP Enterprises by 3,507.7% during the second quarter. EverSource Wealth Advisors LLC now owns 469 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 456 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in DXP Enterprises during the third quarter worth approximately $58,000. Highland Capital Management LLC purchased a new position in DXP Enterprises during the third quarter worth approximately $212,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of DXP Enterprises by 498.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,501 shares during the last quarter. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

DXP Enterprises Stock Performance

Shares of NASDAQ:DXPE opened at $131.69 on Tuesday. The company has a market cap of $2.04 billion, a P/E ratio of 24.48 and a beta of 0.96. DXP Enterprises, Inc. has a one year low of $67.68 and a one year high of $171.70. The business’s 50-day simple moving average is $135.00 and its 200 day simple moving average is $119.74. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.94 and a current ratio of 3.34.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.48. The company had revenue of $527.39 million during the quarter, compared to the consensus estimate of $499.00 million. DXP Enterprises had a net margin of 4.40% and a return on equity of 18.83%. On average, sell-side analysts forecast that DXP Enterprises, Inc. will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DXP Enterprises news, Director Joseph R. Mannes sold 1,500 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $137.95, for a total value of $206,925.00. Following the transaction, the director owned 13,964 shares in the company, valued at $1,926,333.80. The trade was a 9.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Loop Capital set a $154.00 price objective on shares of DXP Enterprises in a research note on Monday, March 2nd. Zacks Research upgraded DXP Enterprises from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of DXP Enterprises in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, DXP Enterprises has an average rating of “Buy” and a consensus price target of $154.00.

DXP Enterprises Profile

DXP Enterprises, Inc is a Houston, Texas–based industrial products and services distributor serving customers across North America. The company provides a broad portfolio of maintenance, repair and operations (MRO) supplies, including fluid power components, safety products, mechanical power transmission parts, and instrumentation. DXP’s product offering spans well-recognized private brands as well as equipment and parts from leading global manufacturers, enabling clients in energy, heavy industrial and manufacturing sectors to source critical components from a single supplier.

Through its network of service centers and specialized repair facilities, DXP delivers inventory management programs, turnkey fluid power rebuilds and custom assembly solutions.